DISTRICT OF COLUMBIA — Cryptocurrency Bitcoin swelled to $11,000 per coin on Wednesday, prompting intense speculation about the latest bubble and how and why it could soon pop. <br /> <br />According to Bloomberg, developers divided on how to upgrade the Bitcoin network have led to fragmentation of the original currency into different versions, too much of which could be a problem. <br /> <br />Bitcoin's history of being used to buy illicit materials from the dark web means regulators are watching and could crackdown any time, especially if it grows big enough to impact a nation's monetary policy. <br /> <br />As an intangible asset, Bitcoins have previously been targeted by hackers, and may again fall victim to digital theft. <br /> <br />Though the value bitcoin is volatile, at the moment, it's at an all-time high. But because the supply is virtually limitless, there is a risk of collapse in value if demand should ever go down. <br /> <br />Experts have likened the bitcoin craze to the dotcom bubble, Tulip Mania, and other economic bubbles — all of which burst spectacularly. <br /> <br />If they're to be believed, Bitcoin's downward spiral is only a matter of time.
